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590 Ashbury Lane Prosper, TX 75078

4 Beds 4 Baths 3,428 sqft Built 2018

$579,900

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $169.17
  • 3 Days on Market
  • MLS # : 14507606
  • Updated Date : 01/29/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,428 sqft
  • Baths : 4 full
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Nearly new beautiful 2 story home situated on a cul de sac.Huge green space on one side of yard.An abundance of upgrades throughout including light fixtures, wood floors,quartz ctops in kitchen.This gourmet kit has an eat-in island,gas ctop, ss appliances & a large dining area all open to family rm.Spacious family rm has cozy fireplace & vaulted ceiling.Stunning Hardwoods on 1st floor living areas extended into master.Guest bdrm & 2 offices on 1st floor(1 can be a flex rm!Upstairs has a game & media(or 5th bdr)+ 2 addt'l bdrms.A large covered patio makes this home perfect for entertaining.Great walking trails in neighborhood, tight knit community.Backyard is east facing so afternoon shade.Easy Access to tollway

SEE MORE

MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Stuber Elementary Primary Unknown NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Stuber Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$2,014
Property Tax -$1,133
Property Insurance -$225
HOA -$100
Property Management Fees -$99
CASH FLOW
-$531

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$579,900

PROJECTED PRICE

$3,040

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,251

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,040

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,051

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,040
1$3,0402$3,1003$3,1004$3,2955$3,300
$3,300
RENT COMPS ANALYSIS
  • 590 Ashbury Lane Prosper, TX 1
    • 4 beds 4 baths ∙ 3,428 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,428 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $0.89
    •  
  • 911 Sabine Drive Prosper, TX 2
    • 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 2017
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.89
    •  
  • 701 Hampshire Court Prosper, TX 3
    • 5 beds 4 baths ∙ 3,682 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,682 Sqft ∙ Built 2014
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.84
    •  
  • 1640 Trellis Drive Prosper, TX 4
    • 4 beds 5 baths ∙ 3,499 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,499 Sqft ∙ Built 2017
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.94
    •  
  • 921 Sagebrush Drive Prosper, TX 5
    • 4 beds 4 baths ∙ 3,720 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,720 Sqft ∙ Built 2013
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.89
    •  
PROPERTY LISTING DETAILS
Stacey Zimmerman
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507606
Last Updated: 01/29/2021
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